Question: (Notes - Chapter 9 Pages 15 & 17) By using the Expected Utility (EU) approach for a decision problem with 4 decision alternatives, the following

(Notes - Chapter 9 Pages 15 & 17) By using the Expected Utility (EU) approach for a decision problem with 4 decision alternatives, the following tw Decision Alternative EU(di) 3 d2 5.78 d3 3.52 da 3.16 Profit ($M) Utility($M) $90 9.00 $75 8.20 $50 7.40 $25 3.80 $10 1.00 Find the value of this decision problem. Correct the final answer to 2 decimal places.

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